Skip to content
BOL Conferences
Learn More - Click Here!

New Reply
Post Icon
Smilies Insert Link Insert Email Link Insert Image Link Insert Media Tag List Bold Italic Underline Strike-through Spoiler Quote Font Color Fonts Font Size
Make textarea smaller
Make textarea bigger
Post Options

HTML is disabled.
UBBCode is enabled.
Poll Manager (Total Polls: 0)




In Response To:
Thread Starter: TMatt87
Title: Re: S.2155 - passed Senate with 100 amendments but...

I agree that the 2018 rules are a burden. However, it sounds like you are blaming your institution's system and process limitations on the rule. We have a bunch of commercial loans, many of which have several properties as collateral, and at most, it takes me 30 minutes per file. If you are having to manually input all these fields or make changes for formatting, you should look into a HMDA management software that does that all for you.

The new rules are a pain, but certainly not the end of the world. If you're expecting swift action from a government agency, you will likely be disappointed.